Saturday 24 October, 2020

Eight stocks made double-digit gains last week

The Jamaica Stock Exchange (JSE) remained flat for the week but eight stocks still made double-digit gains.

Additionally, a number of stocks lost more than 10 per cent of their value, which might hint that some are oversold and inclined for a slight recovery in the week. 

The top gains were Ciboney Group up 31 per cent; Palace Amusement up 17 per cent; Pulse Investment up 16.4 per cent; Dolphin Cove up 16.7 per cent; Eppley Caribbean Property Fund up 16 per cent; General Accident Insurance up 11 per cent; Salada Foods up 12 per cent and Ttech up 16 per cent.

The top declining stock was ISP Finance down 20 per cent, Kingston Properties down 16 per cent and Portland JSX down 15.7 per cent.

The JSE Combined Index advanced by 606.77 points (0.17 per cent) to close at 365,814.95.

The JSE Index advanced by 865.53 points (0.24 per cent) to close at 368,392.30.

The JSE All Jamaican Composite Index advanced by 661.85 points (0.16 per cent) to close at 403,299.57.

The JSE Select Index declined by 8.74 points (0.10 per cent) to close at 9,114.64.

The JSE Cross Listed Index advanced by 9.99 points (9.78 per cent) to close at 112.10.

Also on the day, the Junior Market Index declined by 17.72 points (0.70 per cent) to close at 2,497.10.

The JSE USD Equities Index advanced by 3.47 points (1.85 per cent) to close at 190.96.

The JSE Financial Index declined by 0.15 points (0.15 per cent) to close at 96.99.

The JSE Manufacturing & Distribution Index declined by 0.21 points (0.28 per cent) to close at 74.40.

Overall Market activity resulted from trading in 97 stocks of which 36 advanced, 51 declined and 10 traded firm.

During the week, just over $453 million worth of trades occurred, which was the highest amount in the month thus far. Previous weekly trades totalled $250 million and $450 million in the prior periods in September respectively.

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